Anti-money laundering obligations: intermediaries must bolster risk assessment, CDD reliance rules, record retention and designate a compliance director. Registered intermediaries must conduct documented risk assessments considering client profiles, geographies, transaction types and applicable sanctions lists; may rely on regulated third parties for client due diligence subject to PML Rules and SEBI guidance while retaining ultimate responsibility; maintain and preserve transaction, identity, account and FIU IND reporting records for the prescribed post business relationship period; designate and notify a Designated Director in addition to a Principal Officer; and ensure updated AML/CFT policies, internal audits and reporting to regulators.